Income tax refunds for AY 2025-26 are facing delays as the department increases scrutiny of old tax regime claims. Experts say inflated deductions, fraudulent exemptions, and strict monitoring by CBDT ...
Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Crore/Rs.10 Crore for Tax Audit. Key filings are ...
ISLAMABAD: The Federal Board of Revenue (FBR) has failed to upload and notify the manual/paper income tax return ...
The controversial deal would ‘preserve the gains achieved under pillar two’, the OECD said; in other news, HMRC outlined its ...
LAHORE: Tax professionals have expressed grave concerns over reappointment of retired officers at senior positions ...
Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, ...
Rafał Kran and Janina Fornalik of MDDP analyse the introduction of the JPK CIT and e-invoicing, outlining how companies ...
They’re also much faster at reading our image data and, because they share the same basic structure as computer ...
Kerala High Court held that as the gold claimed by the petitioner, is already assessed in the name of the husband of the petitioner, and the proceedings in respect of the same are concluded, the ...
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Taxpayer wins case in ITAT Mumbai: Rs 1 crore tax demand quashed after TDS mismatch in Form 26AS
A Mumbai taxpayer successfully challenged a Rs 1 crore tax demand at ITAT Mumbai after Form 26AS failed to reflect TDS credit ...
One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...
The Income Tax Department has activated online filing for ITR-5 and ITR-7 forms, pre-filled with data, on its official website. ITR-5 and ITR-7 forms are meant for specific categories of taxpayers and ...
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